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A Company has purchased 100,000 shares of stock of B Company for $5,000,000. This represents 20% ownership. What journal entry, if any would A make

A Company has purchased 100,000 shares of stock of B Company for $5,000,000. This represents 20% ownership. What journal entry, if any would A make in the following situation

B declares and immediately pays a dividend of $1 per share. Assume A uses the cost method of accounting for its investment? (3 points)

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